Unemployment rate ticks up amid fall job losses

US labor market lost 41,000 jobs over October and November, unemployment rate rose to 4.6%

The U.S. labor market lost 41,000 jobs over October and November, and the unemployment rate ticked up to 4.6% — the highest since 2021. The Trump administration doesn’t want you to know this, due to a fortuitous government shutdown. Fed Chair Jerome...

Trump Finally Allows Jobs Report After Shutdown. Nobody Gets Dolls Or Pencils For Christmas!

It’s really not good, even with the cover sheet. The US Bureau of Labor Statistics finally released its jobs report for November yesterday, after a delay in data gathering allegedly caused by the government shutdown. If you want to also blame Donald Trump’s evisceration of the federal workforce and his distrust of the BLS, we certainly won’t blame you. After holding at 50-year lows for most of the second half of Joe Biden’s term, the unemploymen…

Unemployment Hits 4.6% and Everyone’s Freaking Out (But Should They Be?)

So here’s the deal: unemployment just jumped to 4.6%, and suddenly everyone’s acting like the sky is falling. But before you start panic-selling your portfolio, let’s break down what’s actually happening here. The latest jobs report dropped some mixed signals that would make a dating app jealous. October saw 105,000 jobs disappear (thanks, government shutdown), while November managed to scrape together 64,000 new positions. That November number …

Unemployment Went Up, Inflation Likely Held Steady | Corp! Magazine

The delayed October and November jobs reports showed net job losses as the federal government shed workers. The unemployment rate rose to 4.6%, while wage gains probably slowed. Headline and core CPI inflation likely held steady in November at around 3% from a year earlier. Retail sales were likely soft in October on a decline […]

NZ rates lower in wake of Breman's Monday comments and fiscal update

Mixed US economic data; unemployment rate rises to a four year high of 4.6%; solid core retail sales; weaker PMI but stronger pricing indicators. Little market reaction. Oil prices fall further, down to a four-year low